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Dec 22, 2012
12/12
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for the last few weeks, i have been working with the leaders of both parties on a proposal to get our deficit under control, to avoid tax cuts -- to avoid tax hikes on the middle-class. and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending, but also ask the wealthiest americans to pay more, a proposal that will strengthen the middle class over the long haul, and our economy over the long haul. in the course of these negotiations, i offered to compromise with republicans in congress. i met them halfway on taxes and more than halfway on spending. today, i am still willing to get a comprehensive package done. i still believe that reducing our deficit is the right thing to do for the long-term health of our economy and the confidence of our businesses. i remain committed to working towards that goal, whether it happens all at once, or whether it happens in several different steps. but in 10 days, we face a deadline. in 10 days, under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about w
for the last few weeks, i have been working with the leaders of both parties on a proposal to get our deficit under control, to avoid tax cuts -- to avoid tax hikes on the middle-class. and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending, but also ask the wealthiest americans to pay more, a proposal that will strengthen the middle class over the long haul, and our economy over the long haul. in the course of these negotiations, i offered to compromise...
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Dec 21, 2012
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he put social security or the table, which had nothing to do with the deficit. the rich in this country have to pay their taxes, he like many years ago curium -- years ago. it was 60%, and obama is doing a big mistake. we defeated the republicans. awhirl we defeated voter purge. we defeated paul ryan and his plan, mitt romney and his plan. we defeated all of that. host: got your point. michael is calling from georgia on the independent line. what you think about the fiscal cliff negotiations? caller: he why think it is a rough time for president obama. and when they came in office, they had the republicans signed a contract. times were better. as time goes on, you have to change. no one expected that we were going to hit this cliff until it was after the next election happened, and they continued to get worse as we went along. host: the senate is in next week. the house is gone. caller: they should stay and do their job. i watch c-span a lot. you see that the senate stays in a lot. quorum call. i have never seen anybody sit there were you just pay people to sit.
he put social security or the table, which had nothing to do with the deficit. the rich in this country have to pay their taxes, he like many years ago curium -- years ago. it was 60%, and obama is doing a big mistake. we defeated the republicans. awhirl we defeated voter purge. we defeated paul ryan and his plan, mitt romney and his plan. we defeated all of that. host: got your point. michael is calling from georgia on the independent line. what you think about the fiscal cliff negotiations?...
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Dec 21, 2012
12/12
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while it has contributed to higher deficits but the deficit issue is even a more structural problem in the federal budget. host: 3 problems from the facebook page -- guest: regarding the last point i am not sure the judgment either understands the whole side of the budget -- how large it is. the deficit -- what this policy approach might mean for the budget. the second issue about the president rejected offers. the last offer on the table is the president's offer. the president started at increase in the tax rates on income over $250,000 and mr. boehner bay -- mr. boehner offered a million dollars and the president moved his direction, the direction of mr. boehner to raising tax rates of income for hundred thousand dollars or more and threw in something as i said earlier that democrats really do not like, the change in the cpi for social security and cuts as well. that is the last offer on the table. that has been the object -- rejected to date by republicans. we can argue about whether the president has rejected offers but clearly the last offer at the table is the president's offer a
while it has contributed to higher deficits but the deficit issue is even a more structural problem in the federal budget. host: 3 problems from the facebook page -- guest: regarding the last point i am not sure the judgment either understands the whole side of the budget -- how large it is. the deficit -- what this policy approach might mean for the budget. the second issue about the president rejected offers. the last offer on the table is the president's offer. the president started at...
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Dec 22, 2012
12/12
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last year, when the tea party republicans stymied the efforts of the deficit reduction committee that we called "the supercommittee," we said at the time that it would take a definitive election to decide the matter. november 6, the american people spoke. the american people spoke very clearly, and i think decisively. president obama has won all but one of the soda ash called swing states. he won a landslide victory in the electoral college, and he won the popular vote by more than 4.5 million votes. democrats in the senate added to their numbers, and won a popular vote margin of 56-44. house,e in the people's more than 1.5 million more americans voted for democrats then voted for republicans. the american people have spoken loud and clear, yet the republican leadership continues to exercise extreme partisanship, in defiance of the will of the people. i am hopeful that the spirit of the season will take hold over the next several days, and we can come back here after christmas with less partisan extremism, and work together to achieve honorable compromises that will arrest the widenin
last year, when the tea party republicans stymied the efforts of the deficit reduction committee that we called "the supercommittee," we said at the time that it would take a definitive election to decide the matter. november 6, the american people spoke. the american people spoke very clearly, and i think decisively. president obama has won all but one of the soda ash called swing states. he won a landslide victory in the electoral college, and he won the popular vote by more than...
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Aug 23, 2012
08/12
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. >> so it would be bigger than any intentional round of deficits since we started to reduce the deficit 30 years ago. >> i'm not sure what is intentional. the biggest one-year reduction as a share of gdp. >> in the alternative, can you give any indication of which ones have degraded or have the least impact of economic growth? >> we have not tried to break down the pieces of fiscal tightening. most of the narrowing of the deficit comes from increases in tax revenues. the much smaller share comes from reductions in spending. just by the amount of dollars being moved, the increases in taxes probably have a larger economic effect than the reductions in spending. the effects depend on the policies. we do these analyses, we have different things for different policies. i do not know dollar for dollar. the alternative fiscal scenario has deficits that are much larger. changes in tax policy and changes on the spending side. >> getting back to the take away for congress. would you say this raises the stakes for them to act? >> i think the stakes of fiscal policy are high right now. i didn't kno
. >> so it would be bigger than any intentional round of deficits since we started to reduce the deficit 30 years ago. >> i'm not sure what is intentional. the biggest one-year reduction as a share of gdp. >> in the alternative, can you give any indication of which ones have degraded or have the least impact of economic growth? >> we have not tried to break down the pieces of fiscal tightening. most of the narrowing of the deficit comes from increases in tax revenues....
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Dec 17, 2012
12/12
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there, given the fiscal cliff, is it possible that if policymakers were not to agree to some sort of deficit deal by the end of this year and we were to go over the fiscal ", that the size of these asset purchases could grow in response? you going to the phrase fiscal cliff. i wanted to get your take on whether it is the most appropriate language on what will be happening at the beginning of the year. some americans may be alarmed. some economists feel it is more of a slope. do you feel it is still an appropriate term if there is no deal? >> to the first part of your question compaq if the economy actually went off the fiscal cliff, our assessment, the cbo assessment, outside assessment do not feel it will have a very adverse affect on the economy. on the margin commodity we would -- on the margin, we would try to work on that just a bit. but we cannot offset the full impact of the fiscal cliff. it is just too big, given an tools that we are -- how available. -- given the tools that we have available. in terms of the terminology, people have different preferences on what they want to call th
there, given the fiscal cliff, is it possible that if policymakers were not to agree to some sort of deficit deal by the end of this year and we were to go over the fiscal ", that the size of these asset purchases could grow in response? you going to the phrase fiscal cliff. i wanted to get your take on whether it is the most appropriate language on what will be happening at the beginning of the year. some americans may be alarmed. some economists feel it is more of a slope. do you feel it...
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Dec 19, 2012
12/12
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we should forge a large scale balanced approach to deficit reduction. if republicans choose to walk away again, the senate bill guest: >> -- >> i have given statements on this before . we need to accept the reality that we are not doing enough to protect our citizens. i am very happy the president will do whatever he can administratively. we must engage in a thoughtful debate about how to change laws. every idea should be on the table as we discuss how best to keep our children safe. i have been very clear here. i think we have to have a full discussion. from the republicans. they have walked away. i admire and appreciate very much the president showing the american people how reasonable he is trying to be. significant tax increases, significant cuts. this is not going to be a situation where we will vote on a particular provision in the bill. it will be a framework to do something about the long-term security of the country. >> [indiscernible] >> plan b calls for sending us a bill that, the only thing that raising taxes is on people who make over $1 mi
we should forge a large scale balanced approach to deficit reduction. if republicans choose to walk away again, the senate bill guest: >> -- >> i have given statements on this before . we need to accept the reality that we are not doing enough to protect our citizens. i am very happy the president will do whatever he can administratively. we must engage in a thoughtful debate about how to change laws. every idea should be on the table as we discuss how best to keep our children...
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Dec 21, 2012
12/12
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with a $16 trillion deficit? is that unreasonable with a trillion dollar spending deficit. demonstrate we need the help -- you need the help and we'll help you. >> i yield back the balance of my time fments >> first the chairman of the budget committee hasn't put any specific spending cuts on the table. that's not true. his proposal has been available to the public for well over a year now, one specific proposal. the president said we should get rid of subsidies $30 billion than item alone. >> would the gentleman yield? >> not now. >> i meant net. >> that is not true and we'll have a longer discussion but the reality is act subsidies is one example. this bill our republican colleagues have brought to the floor again, while it cuts deeply into food and nutrition programs, it doesn't take one penny for ago businesses from subsidies. with respect to the food program, i think the chairman knows that the snap statute provides in statute two routes for people to be eligible for food and nutrition assistance. one is the specific in common asset test or they can become eligible und
with a $16 trillion deficit? is that unreasonable with a trillion dollar spending deficit. demonstrate we need the help -- you need the help and we'll help you. >> i yield back the balance of my time fments >> first the chairman of the budget committee hasn't put any specific spending cuts on the table. that's not true. his proposal has been available to the public for well over a year now, one specific proposal. the president said we should get rid of subsidies $30 billion than...
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Dec 18, 2012
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which is reach a bipartisan compromise on significant deficit reduction. on the order of $4 trillion, when you take all the pieces of it and put them together. we are very close to being able to achieve that and the president has demonstrated an obvious willingness to compromise and to move more than halfway towards the republicans. to leave that offer on the table, including the $1.22 trillion in spending cuts that the president has put forward because you don't want to ask -- someone making $950,000 a year to pay more in taxes would be a shame and it would be bad policy. so the president believes that the opportunity is there, the parameters of a deal are clear, the path to a compromise is clear and he hopes that the republicans will meet him on that path and do something that would be very good for the american people, for the middle class and for our economy. >> there's another alternative here and we're hearing some members of the president's party say it today. that for the entire campaign he talked about raising taxes on the top 2%. he said that was
which is reach a bipartisan compromise on significant deficit reduction. on the order of $4 trillion, when you take all the pieces of it and put them together. we are very close to being able to achieve that and the president has demonstrated an obvious willingness to compromise and to move more than halfway towards the republicans. to leave that offer on the table, including the $1.22 trillion in spending cuts that the president has put forward because you don't want to ask -- someone making...
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Dec 20, 2012
12/12
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to get deficit spending -- this is not a plan to do with the deficit. i would argue that it this is it, it leaves out a whole lot of other important things such as unemployment insurance extension and other issues that that ranking member has brought up that has not been addressed. there needs to be a better way to do this. you pass it and then you will attach it to the senate bill, which will we not be able to offer a motion or it will not be amendable. it will be a closed process. send it back to the senate and then you leave town and 30 hand up -- and throw your hands up and say it's in the senate. this is no laughing matter. this is serious business. one of the things i have heard him businesses, small and large , is that they have been frustrated in the lack of certainty. first when they were not sure if we would extend the debt limit and the good credit of this country might be questioned. then this crisis of sequestration and wondering what will happen. they are looking for certainty. i did not learn very much from the presidential election excep
to get deficit spending -- this is not a plan to do with the deficit. i would argue that it this is it, it leaves out a whole lot of other important things such as unemployment insurance extension and other issues that that ranking member has brought up that has not been addressed. there needs to be a better way to do this. you pass it and then you will attach it to the senate bill, which will we not be able to offer a motion or it will not be amendable. it will be a closed process. send it...
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Oct 7, 2012
10/12
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we are facing $120 billion trade deficit a center of this country. we're facing problems with the environment. i think what we will be doing over the next several weeks -- i am absolutely delighted the league is sponsoring the debates and we are able to now speak to the american public and address the issues and i was such as this. i think you will see a change. >> you have one minute to rebuttal. >> i was glad to get the vote of confidence from misses economic judgment. the other day she was a plant and she said to the workers, why are so many of the voting for the reagan-bush ticket? there was a long silence. she said, we delivered. that is the problem. i am not blaming her accept for the liberal voting record and enter the house. they deliver 21 and a half -- 21.5% interest rate. they delivered what they called malaise. they delivered interest rates off the chart. they delivered take home pay that was shrinking. we have delivered optimism. 6 million people are going back to work. 300,000 jobs a month of being created. that is why there was a death
we are facing $120 billion trade deficit a center of this country. we're facing problems with the environment. i think what we will be doing over the next several weeks -- i am absolutely delighted the league is sponsoring the debates and we are able to now speak to the american public and address the issues and i was such as this. i think you will see a change. >> you have one minute to rebuttal. >> i was glad to get the vote of confidence from misses economic judgment. the other...
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Sep 30, 2012
09/12
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? -- how can that be right? the average income of those folks is $8.4 million the year. -- per year. they do not need a tax cut. that what? -- guess what? middle-class families need a a hand up. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney ha
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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Dec 20, 2012
12/12
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$16 trillion deficit, is that unreasonable? with a trillion annual deficit? demonstrate you need the help and we'll help you. that's not unreasonable. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from maryland. mr. van hollen: thank you, mr. speaker. a couple of points here, the chairman of the budget committee said the president hasn't put any specific spending cuts on the table, that's not true. his proposal has been available to the public for well over a year now. just one specific proposal. the president said we should get rid of excessive agriculture subsidies and called for $30 billion on that item alone. interestingly this proposal -- mr. ryan: would the gentleman yield? mr. van hollen: not right now. mr. ryan: i said net. mr. van hollen: that also is not true and we'll have a longer discussion, but the reality is ag subsidies is one interesting calculation. they have brought it to the floor again while it cuts deeply into food nutrition programs and doesn't take one penny from ag subsidies or
$16 trillion deficit, is that unreasonable? with a trillion annual deficit? demonstrate you need the help and we'll help you. that's not unreasonable. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from maryland. mr. van hollen: thank you, mr. speaker. a couple of points here, the chairman of the budget committee said the president hasn't put any specific spending cuts on the table, that's not true. his proposal has been available to the...
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Dec 23, 2012
12/12
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that is where we need to go in terms of reducing the deficit. guest: that is true, we to cut spending, but there is some conflicting of a couple issues. we to cut long-term spending on retirement programs to make them more in line with economic growth, not make them grow that much more quickly than economic growth. all the things that the republican house has passed, cuts, have the discretionary spending and non-defense discretionary spending. so i think it is true you have to be serious about long-term mandatory spending reductions, but you cannot get their only by spending -- reducing spending. you have to do something on taxes. really, plan b was about tax cuts, not spending. it seems to me the only with the republican party will get major spending cuts passed is it they also agreed to new revenue. otherwise, the president cannot be out there continually only cutting spending while leaving all of the bush-ever tax cuts in place. host: let me share with you what family pet rich writes. she says it is almost certain that social security will be
that is where we need to go in terms of reducing the deficit. guest: that is true, we to cut spending, but there is some conflicting of a couple issues. we to cut long-term spending on retirement programs to make them more in line with economic growth, not make them grow that much more quickly than economic growth. all the things that the republican house has passed, cuts, have the discretionary spending and non-defense discretionary spending. so i think it is true you have to be serious about...
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Dec 17, 2012
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we have to control welfare to deal with the massive deficit. there is a choice in politics here you can either control welfare, or you can say, no to the control of welfare, borrow, spend, and build up our deficit. >> the liaison committee yesterday, the prime minister began by saying the government would except crucial members to make the justice and security bills acceptable on secret course. by the end of the session, by appearing to say he would not. would you clarify which one? >> cahill what i said clearly to the committee yesterday is we want this bill passed through parliament after having listened to all of the points made in the house of laws. i am sure we will been listening even more carefully. these are oppositions catching the disease. we will listen very carefully. the fundamental choice is to make sure these proceedings are available to judges. it is judges that should make the decision. >> of corporate technology, middle ages. >> we have set out a regime of subsidies that stretches right out to 2017 and beyond. that is why the
we have to control welfare to deal with the massive deficit. there is a choice in politics here you can either control welfare, or you can say, no to the control of welfare, borrow, spend, and build up our deficit. >> the liaison committee yesterday, the prime minister began by saying the government would except crucial members to make the justice and security bills acceptable on secret course. by the end of the session, by appearing to say he would not. would you clarify which one?...
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Dec 18, 2012
12/12
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deficit reduction, jobs and sound infrastructure. i hope those on the other side of the aisle will be receptive to the proposal for the white house for this needed investment. this is not the stupid stimulus bill. many things were not well spent. 4% of that money, 4% went to infrastructure investment. over 40% went to stupid tax cuts that didn't put anybody back to work. the speaker pro tempore: the gentleman yields. the chair recognizes the gentlewoman from california, ms. lee, for five minutes. ms. lee: i ask unanimous consent to address the house for five minutes. the speaker pro tempore: without objection. ms. lee: i grieve with the entire newtown communities and those who lost loved ones last friday. we mourn the 26, 26 innocent lives, including those 20 children who have been lost in this unimaginable tragedy. let me also just acknowledge the quick action of the brave law enforcement and first responders who prevented additional loss of life. words cannot express my deep sorrow. but as a mother and as a grandmother, i join the
deficit reduction, jobs and sound infrastructure. i hope those on the other side of the aisle will be receptive to the proposal for the white house for this needed investment. this is not the stupid stimulus bill. many things were not well spent. 4% of that money, 4% went to infrastructure investment. over 40% went to stupid tax cuts that didn't put anybody back to work. the speaker pro tempore: the gentleman yields. the chair recognizes the gentlewoman from california, ms. lee, for five...
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Dec 20, 2012
12/12
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it's by part son report recommended 40 trillion in deficit reduction. we need to stabilize the debt and work it down is a package of about $4 trillion over ten years. here we are today, december 19, and these law changes which i referenced earlier, the end of the bush era tax cuts, the dreaded sequester, across the board cuts of $1.2 trillion in spending will begin to take effect the first of next year. the good news is the white house and republicans have been trading proposals and at least yesterday appeared to be moving closer together. i would have much preferred that they would be talking about a bigger package than they've discussed but nonetheless to reach a package that would resolve some of these issues would be an important step forward and i think help promote certainty that would be important to our economy. on the revenue side of the equation, i just want to remind you what it's taken in the past to balance the budget. we hear talk on average revenue is in the 18% of g.d.p. range n. getting back to average you will should be sufficient. the
it's by part son report recommended 40 trillion in deficit reduction. we need to stabilize the debt and work it down is a package of about $4 trillion over ten years. here we are today, december 19, and these law changes which i referenced earlier, the end of the bush era tax cuts, the dreaded sequester, across the board cuts of $1.2 trillion in spending will begin to take effect the first of next year. the good news is the white house and republicans have been trading proposals and at least...
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Dec 15, 2012
12/12
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guest: if usyou confiscated the taxes from the top 2%, it would not affect the deficit. as far as they prepare our registration, it takes effect this year. data not what anybody hanging out a shingle and charging people to prepare tax returns. there should be some competency. i think they start next year. the paris have to pass a tests to charge people -- tax preparers must pass a test to charge people to prepare their taxes. host: next up is stanley in massachusetts on our line for independents. caller: i thank you so much for c-span. i got caught with the amt for 1990 and 1993. they waited three years so i could not file an 1040x. i made $88,000 that year as an out of state tool designer. i had $11,000 in interest on my home because i refinanced its with expensive banks. the computer keicked me -- kicked me out say i owed $11,000 for amt. i took them to court for that. it -- it took them a year to give me an answer. guest: this is the problem we have this year. it was never intended to get the middle class. the way it works in massachusetts, you are the poster child fo
guest: if usyou confiscated the taxes from the top 2%, it would not affect the deficit. as far as they prepare our registration, it takes effect this year. data not what anybody hanging out a shingle and charging people to prepare tax returns. there should be some competency. i think they start next year. the paris have to pass a tests to charge people -- tax preparers must pass a test to charge people to prepare their taxes. host: next up is stanley in massachusetts on our line for...
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Dec 17, 2012
12/12
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federal employees have already sacrificed tremendously to demands for deficit-reduction. leaving aside whether deficit reduction is desirable or necessary, federal employees have already been forced to give up $103 billion worth of compensation. that is certainly the context in which we are absolutely demanding that not another penny come out of this work force. federal employees have had a two-year pay freeze, which was extended an additional pre months. federal employees hired after january 1, 2013 will pay four times more for their pension benefits. just in case anybody is trying to think about a lot of the false rhetoric that has been tossed around in this town about federal employees' compensation, the fact of the matter if is 96% of private- sector workers who have a pension like the federal government, they pay zero. now the new employees will pay a 41 times more. we have already given up $103 billion in compensation. host: sequestration, the across- the-board cuts that could come into effect unless congress and the white house act, which could mean for federal wor
federal employees have already sacrificed tremendously to demands for deficit-reduction. leaving aside whether deficit reduction is desirable or necessary, federal employees have already been forced to give up $103 billion worth of compensation. that is certainly the context in which we are absolutely demanding that not another penny come out of this work force. federal employees have had a two-year pay freeze, which was extended an additional pre months. federal employees hired after january...
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Mar 4, 2012
03/12
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if we eliminated the discretionary budget, we would be running a half trillion dollars a year deficit. we could eliminate the pentagon, the department of education, and we would still be in serious problems. we cannot fix this on the back of the military. >> publicly, your leadership has not indicated that they are ready to bring something to the floor before december. do you know differently? >> i have a bill. i am approaching 70 co-sponsors. my bill pays for the first year of sequestration. it does it by reducing the federal work force overtime through attrition. that, to me, is a solution we should all be looking at. right now, people are -- have buried their hands in the sand -- their heads in the sand. we have leaders of the industry that wants to build the equipment that the war fighters used who are already having to freeze jobs and lay off people because they cannot -- they did not have the liberty of what we have around here of saying we will fix it later. they have boards of directors that require them to be responsible and they cannot say, if you do not fix it december 31,
if we eliminated the discretionary budget, we would be running a half trillion dollars a year deficit. we could eliminate the pentagon, the department of education, and we would still be in serious problems. we cannot fix this on the back of the military. >> publicly, your leadership has not indicated that they are ready to bring something to the floor before december. do you know differently? >> i have a bill. i am approaching 70 co-sponsors. my bill pays for the first year of...
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Dec 19, 2012
12/12
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it's the deficit. will we be able to put in place a solid plan where over the course of perhaps a decade, addresses the deficit, brings it under control and begins to reduce it. i know we can. we did it before. we did it in the 1990's, when president clinton made a proposal that would raise taxes and reduce expenditures and led during that period of time, a surplus, a surplus that was altered when the george w. bush administration came in and started two wars and enormous tax cuts at the same time and led to a deficit that was extraordinarily increased as the great recession took place in 2008. we need to turn that around. president obama has made a very solid set of proposals during the course of the campaign, one in which taxes for those whose adjusted gross income for a couple would go over $250,000 of adjusted gross income. income below that would have reductions. and he made proposals to reduce expenditures. those are now being negotiated in a back and forth between speaker boehner and the preside
it's the deficit. will we be able to put in place a solid plan where over the course of perhaps a decade, addresses the deficit, brings it under control and begins to reduce it. i know we can. we did it before. we did it in the 1990's, when president clinton made a proposal that would raise taxes and reduce expenditures and led during that period of time, a surplus, a surplus that was altered when the george w. bush administration came in and started two wars and enormous tax cuts at the same...
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Aug 22, 2012
08/12
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. >> so it would be bigger than any intentional round of deficits since we started to reduce the deficit 30 years ago. >> i'm not sure what is intentional. the biggest one-year reduction as a share of gdp. >> in the alternative, can you give any indication of which ones have degraded or have the least impact of economic growth? >> we have not tried to break down the pieces of fiscal tightening. most of the narrowing of the deficit comes from increases in tax revenues. the much smaller share comes from reductions in spending. just by the amount of dollars being moved, the increases in taxes probably have a larger economic effect than the reductions in spending. the effects depend on the policies. we do these analyses, we have different things for different policies. i do not know dollar for dollar . the alternative fiscal scenario has deficits that are much larger. changes in tax policy and changes on the spending side. >> getting back to the take away for congress. would you say this raises the stakes for them to act? >> i think the stakes of fiscal policy are high right now. i didn't kn
. >> so it would be bigger than any intentional round of deficits since we started to reduce the deficit 30 years ago. >> i'm not sure what is intentional. the biggest one-year reduction as a share of gdp. >> in the alternative, can you give any indication of which ones have degraded or have the least impact of economic growth? >> we have not tried to break down the pieces of fiscal tightening. most of the narrowing of the deficit comes from increases in tax revenues....
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Dec 23, 2012
12/12
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i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. their task is going to be to sift through everything i did that is out there and even take a look at some bad ideas. the come up but a concrete set of recommendations in a month. i would hope that our memories are not so sure that what we saw in midtown is a lingering with us. as soon as they get those recommendations i will be providing forward very specific proposals. we will be working with members of congress to get stuff done. and the idea that we would say this is terrible, this is a tragedy, never again, and we don't have the sustained attention span to be able to get this done over the next several months doesn't make sense. i have more confidence in the american people than tha
i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. their task is going to be to sift through everything i did that is out there and even take a look...
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Apr 15, 2012
04/12
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our nation continues to suffer trillion dollars annual deficits. it is unfair, even immoral to do to future generations. we have a president that has a plan to deal with it. he wants to raise taxes to close that gap and to take on our unprecedented debt. instead of dealing with the spending, he wants to simply raise taxes, including on small businesses that we are you -- we are relying on to get this economy moving again. does that make sense to you? no, it does not. instead of raised taxes that are going to hurt small businesses -- by the way, we cannot raise enough taxes to catch up to the spending that we have currently projected. it's simply cannot happen. you cannot raise taxes that's enough to change that level of spending. we have a president, at a time when employers are crying out for more sensible and balance approaches to regulations, during an incredibly weak recovery, he is saying we ought to be regulating more, not less. some of these regulations have a particular lot impact on pennsylvania and ohio. does that make sense to you? no, i
our nation continues to suffer trillion dollars annual deficits. it is unfair, even immoral to do to future generations. we have a president that has a plan to deal with it. he wants to raise taxes to close that gap and to take on our unprecedented debt. instead of dealing with the spending, he wants to simply raise taxes, including on small businesses that we are you -- we are relying on to get this economy moving again. does that make sense to you? no, it does not. instead of raised taxes...
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Oct 10, 2012
10/12
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some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and see people grasp it. if it helps move things forward, that is my intention and i hope that's what happens. >> i want to double-check in terms of major retirement entitlement reform. one of the big issues is raising the age. are you taking it off the table? >> no, i am not taking anything off the table. i have been personally against raising the age. i continue to be. i have never on any of these issues say i will not support this bill. i don't think raising the age will happen. i think there's a lot of opposition to it. >> you just mention
some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and...
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Apr 9, 2012
04/12
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we are talking about the deficit must leave. we were talking about how we had different ideas on how to go about that. it got pretty heated. i was standing up on occasion. >> where your hands? >> i grab my napkin occasionally. i cannot look at him anymore. at the end of it, he stood up. he gave me an "i love you." we have different views but it will not be the end of the world. i think that is something that needs to be more present in our political system. >> what side are you on? >> on one of the big issues is that we see it as a linear game. i see it much more as a three- dimensional thing. i do not like to put myself in a box. >> need to find out what channing thinks. >> i'm from georgia. >> what happened last night? >> he said he got upset. i usually did not get upset. that is usually a sign that you're losing an argument. [laughter] [applause] it is usually a sign of weakness. i stay pretty calm and collected. >> congratulations. who else? would need to talk to people we have not talked to. >> i am from minnesota. what did
we are talking about the deficit must leave. we were talking about how we had different ideas on how to go about that. it got pretty heated. i was standing up on occasion. >> where your hands? >> i grab my napkin occasionally. i cannot look at him anymore. at the end of it, he stood up. he gave me an "i love you." we have different views but it will not be the end of the world. i think that is something that needs to be more present in our political system. >> what...
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Dec 22, 2012
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last, we only had $1 trillion in deficits. his point is correct. the problem is you have the government taking in 60% of gross domestic product in tax revenue and spending between 23% or 24% in gdp in spending. we are borrowing 40 cents on every dollar that we stand. that has to close. i mentioned the gdp figures because the historic average is that the government takes in about 18% of the gross domestic product. the 2% is a manageable deficit. we are at 16% and 24%. that is too big. if you want to question it broadly, at what level do you set the tax rates and at what level do you set think spending rates? if you continue spending at 24%, taxing and 24% will never happen. the question is, where in the middle ground to you end up? the bowles-simpson commission proposed 21% in taxes and revenue, which would be the balance you would get to. republican members of congress insists that it does not go any higher than 18%. that is the fight that will play out in the next couple of years. how much of our spending are we actually paying for? host: we want
last, we only had $1 trillion in deficits. his point is correct. the problem is you have the government taking in 60% of gross domestic product in tax revenue and spending between 23% or 24% in gdp in spending. we are borrowing 40 cents on every dollar that we stand. that has to close. i mentioned the gdp figures because the historic average is that the government takes in about 18% of the gross domestic product. the 2% is a manageable deficit. we are at 16% and 24%. that is too big. if you...
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Dec 20, 2012
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you still capture a lot of revenue for deficit reduction. on the tax side, we are coming together to a reasonable solution. on the spending side, it's very difficult. i was surprised to see him put in the sequester back on the table. the sequester been the across- the-board cuts of 9%, including the defense budget. i think that is terribly damaging in the short term. right now with a fragile economy, you cannot put that much money out of the economy. i look. at my look i of seven employers in my district all depending significantly on federal spending. those are private sector jobs. humana is based. in my based 3% of its business is administering government health programs. when you start taking those kind of spending cuts -- i understand medicate is off the table. ups as a $1 billion contract with the federal government. ups is based in my district. the other health-care companies, university of louisville, pell grants and research dollars, all those things are private sector jobs that are affected when government spending cuts. i know that
you still capture a lot of revenue for deficit reduction. on the tax side, we are coming together to a reasonable solution. on the spending side, it's very difficult. i was surprised to see him put in the sequester back on the table. the sequester been the across- the-board cuts of 9%, including the defense budget. i think that is terribly damaging in the short term. right now with a fragile economy, you cannot put that much money out of the economy. i look. at my look i of seven employers in...
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Sep 30, 2012
09/12
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[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and half of it to rebuild america! [cheers and applause] roads, bridges, schools. that will support millions over time. initially, tens of thousands of new, good paying, decent jobs that you can raise a family on. folks, one more thing. in this country, we only have one truly sacred obligation. we have a lot of obligations to the elderly, to the young. we only have one truly sacred obligation. that is to equip and support those whom we sent to war and care for them when they come home from war. [cheers and applause] how many of you either have personally serve
[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and...
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Jun 4, 2012
06/12
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that creates a different context for the debate over the deficit. the president's detail is much greater than we have seen from other candidates. i would welcome a debate that forces both candidates to go beyond their current positions with more the tell. >> i thought we did not hear enough details at the democratic primary. the romney is running in part on the idea we need to control this deficit. he is proposing huge tax cuts. can those things be reconciled? >> those are the same cuts the balsams and has -- bowles- simsspson has. you can do the tax reforms that were proposed and so do deficit reduction. that is the plan we need to have. it is imperative to move quickly. we already have debt to gdp ratios are over 100%. we are already paying the price of the enormous debts run up. if you want to get jobs, you have to do with the debt problem quickly. you mention the borrowing costs. we have all of the characteristics of a country that gets in trouble. lots of the skies liabilities that keep popping up. -- lot of liabilities that keep popping up. >>
that creates a different context for the debate over the deficit. the president's detail is much greater than we have seen from other candidates. i would welcome a debate that forces both candidates to go beyond their current positions with more the tell. >> i thought we did not hear enough details at the democratic primary. the romney is running in part on the idea we need to control this deficit. he is proposing huge tax cuts. can those things be reconciled? >> those are the same...
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Nov 25, 2012
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this agreement cuts the deficit by $1 trillion. we look forward to the work on the committee to make sure that the millionaires and billionaires and people with those yachts will have tax benefits, but that is in the mix of thinking what is going on. mr. schumer will talk about this in a moment with the jobs agenda that we have. we will make sure that america pays their bills, and make certain that all americans -- make sure that all americans pay theirs. >> we have averted a crisis in america has avoided defaulting on the national debt. the fears and concerns of americans across the board were considered by this congress, and as a result we have come together on a bipartisan basis. the down payment on the deficit included on this bill comes primarily from working families and those that were struggling in america. we will bring everyone together for shared sacrifice. we have a particular responsibility there. with $1.50 trillion, to make sure that when we do this, we do this in a fair and just manner for all of the people in ameri
this agreement cuts the deficit by $1 trillion. we look forward to the work on the committee to make sure that the millionaires and billionaires and people with those yachts will have tax benefits, but that is in the mix of thinking what is going on. mr. schumer will talk about this in a moment with the jobs agenda that we have. we will make sure that america pays their bills, and make certain that all americans -- make sure that all americans pay theirs. >> we have averted a crisis in...
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Mar 30, 2012
03/12
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let's do revenue generating to reduce the deficit. when you take depositions, -- that position, it means you have to do with the deficit at the expense of everyone and everything else. that is what the republican budget does. that is why it end up slashing medicaid so that by the year 2022 it is cut by a third. medicaid, at 2/3 of that money helps support nursing homes and disabled individuals. the approach cut the medicare guaranteed. we can have a discussion about exactly how that works, but the reality is that seniors on medicare would be getting the equivalent of a voucher and that voucher would decline and in value relative to the rising cost of health care. at their purchasing power decline significantly. all the cost is put on seniors under that plan. they also dramatically cut our investment in higher education. they cut deeply into the food and nutrition programs. a whole set of cuts that we believe it will make it harder for us to accomplish our goals for the united states of america for about educating and out competing the
let's do revenue generating to reduce the deficit. when you take depositions, -- that position, it means you have to do with the deficit at the expense of everyone and everything else. that is what the republican budget does. that is why it end up slashing medicaid so that by the year 2022 it is cut by a third. medicaid, at 2/3 of that money helps support nursing homes and disabled individuals. the approach cut the medicare guaranteed. we can have a discussion about exactly how that works, but...
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Dec 15, 2012
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in that sense, paying down the deficits while still investing in the building blocks of innovation is not about borrowing from the future. it is about investing in a richer and more prosperous future. i think that is the overall frame with which we go forward. i do believe that there has been a greater belief that we do have to embrace change, that the processes of innovation and productivity and technology and globalization are not things to be stopped, but things to be embraced and shaped towards the progress of the values we hold dear. now, i think one thing when you're talking about innovation, you are essentially, to me, talking about a commitment to evident innovation and accountability. and a commitment to pay more resources behind innovation and then continually test that for results. i do think when we call for more accountability and evidence based violations, it is important that we do not allow programs that are for poor children to somehow become the victims of a double higher standard. i have seen this too many times. when a research strategy for cancer goes awry, people
in that sense, paying down the deficits while still investing in the building blocks of innovation is not about borrowing from the future. it is about investing in a richer and more prosperous future. i think that is the overall frame with which we go forward. i do believe that there has been a greater belief that we do have to embrace change, that the processes of innovation and productivity and technology and globalization are not things to be stopped, but things to be embraced and shaped...
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Dec 29, 2012
12/12
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unemployment insurance is available for 2 million people, and it lays the groundwork for additional deficit reduction and economic growth steps that we can take in the new year. let us not miss this deadline. that is the bare minimum we should be able to get done. it should not be hard since democrats and republicans say they do not want to see taxes go up on middle-class families. i have to repeat -- outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks -- they do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership cannot do the same thing is mind-boggling to them. it needs to stop. i am modestly optimistic that an agreement can be achieved. nobody will get 100% of what they want. let us make sure that middle- class families and the american economy and the world economy are not adversely impacted because people cannot do their jobs. thank you very much, everybody. >> today
unemployment insurance is available for 2 million people, and it lays the groundwork for additional deficit reduction and economic growth steps that we can take in the new year. let us not miss this deadline. that is the bare minimum we should be able to get done. it should not be hard since democrats and republicans say they do not want to see taxes go up on middle-class families. i have to repeat -- outside of washington, nobody understands how it is that this seems to be a repeat pattern...
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Dec 15, 2012
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we have $16 trillion in debt, a we have $16 trillion in debt, a deficit of $1.20 trillion, and
we have $16 trillion in debt, a we have $16 trillion in debt, a deficit of $1.20 trillion, and
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Mar 26, 2012
03/12
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speaker, we have difficult choices to make when it comes to addressing our budget deficit. the republican budget makes the wrong choices by deeply cutting vital programs like medicare, medicaid, education, job training and transportation to pay for massive tax cuts that primarily benefit the wealthiest americans. our nation's communities of color have been hardest hit by the effects of the great recession and the republican budget does little to address the priorities of these communities. even as our nation -- nation's economy has created nearly 3.9 million private sector jobs since february of 2010, communities of color are still experiencing disproportionately high rates of unemployment, home foreclosure, educational disadvantages and economic hardship. as a result, vulnerable communities are increasingly relying on public programs to meet their basic needs. with the passage of the fiscal year 2011 continuing resolution, then the budget control act of 2011 and the fiscal year 2012 consolidated appropriations act, the -- these same vital programs have been slashed and tar
speaker, we have difficult choices to make when it comes to addressing our budget deficit. the republican budget makes the wrong choices by deeply cutting vital programs like medicare, medicaid, education, job training and transportation to pay for massive tax cuts that primarily benefit the wealthiest americans. our nation's communities of color have been hardest hit by the effects of the great recession and the republican budget does little to address the priorities of these communities. even...
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Nov 11, 2012
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i will not ask students or seniors or the middle class to pay down the entire deficit. this was a central question in the election and on tuesday we found out that the majority of americans agree with my aproach, democrats, independents and some republicans. now we need congress to listen. and they should start by making sure taxes don't go up on the 98% of americans making under $250,000 a year starting january 1. we all agree on this, the taxes on middle class families should not go up. they should extend the tax cuts right now. it's a step that would give millions of families and 97% of small businesses the peace of mind that there's no reason to wait. we know there will be differences and disagreements in the months to come. that's part of what makes our political system work. but on tuesday, you said loud and clear that you won't and clear that you won't tolerate dysfunction, or
i will not ask students or seniors or the middle class to pay down the entire deficit. this was a central question in the election and on tuesday we found out that the majority of americans agree with my aproach, democrats, independents and some republicans. now we need congress to listen. and they should start by making sure taxes don't go up on the 98% of americans making under $250,000 a year starting january 1. we all agree on this, the taxes on middle class families should not go up. they...
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Mar 22, 2012
03/12
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were going to have a real debate on the deficit and debt. and i have been working very hard on that. we are going to have a debate on whether or not your budget does that. we have had disagreements all the years i have been here on that, and performance has not reflected from my standpoint that the representations ma have always worked out. perhaps on either side. but i regret, i regret deeply, mr. majority leader, that we have reached an agreement, based upon that agreement this house took an action t took a bipartisan action, and it passed a piece of legislation that was critically important to make sure that america did not go into default. d now we see sevemonths later, cross fingers, we really didn't mean that, it was a cap. nobody on our side, and there was no mention in the law, nor was there any mention inhe negotiations, that that was a cap not a number. unless the gentleman wants to say something further, i yield back. i yield to my friend. mr. can'ter: thank you. i just say to the gentleman this is somewhat of an academic discussi
were going to have a real debate on the deficit and debt. and i have been working very hard on that. we are going to have a debate on whether or not your budget does that. we have had disagreements all the years i have been here on that, and performance has not reflected from my standpoint that the representations ma have always worked out. perhaps on either side. but i regret, i regret deeply, mr. majority leader, that we have reached an agreement, based upon that agreement this house took an...
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Mar 15, 2012
03/12
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deficit. we have too much savings in idle capital that is looking for too few good investments in the u.s. and the world economy as a whole. as a result, the result of these altered-low interest rates is a not ben bernanke's policy, although he has helped it. it is because there's too much money not being able to find much investment and has ended up being part in fixed income because of the resistance to taking on new risk at this point. so the challenges, how we encourage the tax and other frameworks, to put this idle and savings in capital to work, making real investments that create jobs, that produce a more productive economy in the future, and governor rendell pointed in the right direction, and to do it it in a way that gives returns to all these aging future retirees that right now are getting less than 1% or 2% on their fixed income. pension funds are having enormous difficulty in being able to meet their returns because of this low yield. the answer in my view is we need to invest in
deficit. we have too much savings in idle capital that is looking for too few good investments in the u.s. and the world economy as a whole. as a result, the result of these altered-low interest rates is a not ben bernanke's policy, although he has helped it. it is because there's too much money not being able to find much investment and has ended up being part in fixed income because of the resistance to taking on new risk at this point. so the challenges, how we encourage the tax and other...
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Oct 7, 2012
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president, you are going to have a trillion dollar deficit. he said, i haven't done anything yet. >> we cannot keep looking our children in the eye knowing that we're going to give them a diminished future because we are spending their money today. we have got to stop spending we don't have. we must cut spending. we must get this debt under control. abc news martha reddick moderates. you can watch the debate. your action, calls, e-mails and tweets. follow our life coverage on radio, steve, and online at c-span.org. >> in 1984, democratic president mom knee walter mondale made history when he chose geraldiner ferraro as the first female on a major party ticket. . it's an hour and a half. >> good evening, i'm dorothy ridings, from the league of women voters. our panelists today is the national correspondent for u.s. news and world reports, jack white, correspondent for "time" magazine, norma quorrels, correspondent for nbc news, and a representative from eye knight-ridder newspapers. sandra van oker is our moderator tonight. >> thank you, doroth
president, you are going to have a trillion dollar deficit. he said, i haven't done anything yet. >> we cannot keep looking our children in the eye knowing that we're going to give them a diminished future because we are spending their money today. we have got to stop spending we don't have. we must cut spending. we must get this debt under control. abc news martha reddick moderates. you can watch the debate. your action, calls, e-mails and tweets. follow our life coverage on radio,...
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Sep 30, 2012
09/12
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deficit. people are working harder for less money than they were making 10 years ago, 2/3 of our people -- a $1,600 drop in average income in just the last two years. the problem i have with the perot prescription is that almost all economists who've looked at it say that if you cut the deficit this much this quick it will increase unemployment, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a disciplined reduction in the deficit of 50 % over the next four years, but first get incentives to invest in this economy, put the american people back to work. we've got to invest and grow. 9 nobel prize-winning economists and 500 others, including numerous republican and democratic business executives, have endorsed this approach because it offers the best hope to put america back to work and get our incomes rising instead of falling. >> president bush, one minute, sir. >> your question was on fairness. i just disagree with mr. perot. i don't believe it is fa
deficit. people are working harder for less money than they were making 10 years ago, 2/3 of our people -- a $1,600 drop in average income in just the last two years. the problem i have with the perot prescription is that almost all economists who've looked at it say that if you cut the deficit this much this quick it will increase unemployment, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a disciplined reduction in the deficit of 50 % over the next...
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Nov 12, 2012
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work is impending on the fiscal cliff, the federal deficit, racing the debt ceiling and by how much and also sequestration. follow all the floor debates starting at 2:00 p.m. eastern on c-span and c-span2. >> now a discussion on the situation in afghanistan and the potential impact of president obama's reelection on the middle east. this is 30 minutes. daniel markey from the council on foreign relations. i want to begin with a general question of what the country looks like, who was running the country, and what our presence is felt like by the afghan people? guest: president hamid karzai has been there coming up on 10 years as president. in 2014, he is expected to step down with the next set of elections. you have a country that is still very much in turmoil despite the fact we have been at war there for quite some time. it's a place where you have seen accomplishments, say, on education, improvements in certain varieties of services delivered by the government, development, roads, things like that, but nothing near where you would need to see the kind of progress that people had hoped
work is impending on the fiscal cliff, the federal deficit, racing the debt ceiling and by how much and also sequestration. follow all the floor debates starting at 2:00 p.m. eastern on c-span and c-span2. >> now a discussion on the situation in afghanistan and the potential impact of president obama's reelection on the middle east. this is 30 minutes. daniel markey from the council on foreign relations. i want to begin with a general question of what the country looks like, who was...
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Jan 6, 2012
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>> the deficit isn't 15 -- the deficit is at $15 trillion right now. if you cut government spending, you would just heighten the recession. right now, we do not have the fear of inflation. i propose a $1 trillion stimulus. it will not create inflation. it will go to small businesses. that is the way we need to handle this. we need to get people back to work. we cannot do that by contracting the economy. you are just going to -- with an alternative federal reserve, you can give money directly to these local people. we can get america back to work. we cannot do it through an austerity program. it is wrong, and it is counterintuitive. >> thank you. the next question is for dr. greene. >> you talk about thorium as being a solution for the nation's energy problem. how do you get it? what impact does it have on the environment? >> you did it by mining, of course. it just so happens that it is a byproduct of uranium mining. you can start by mining already sunk mines. you can also try the coal ash pits. we have large concentrations of lead in the west. >> how
>> the deficit isn't 15 -- the deficit is at $15 trillion right now. if you cut government spending, you would just heighten the recession. right now, we do not have the fear of inflation. i propose a $1 trillion stimulus. it will not create inflation. it will go to small businesses. that is the way we need to handle this. we need to get people back to work. we cannot do that by contracting the economy. you are just going to -- with an alternative federal reserve, you can give money...
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Nov 27, 2012
11/12
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it is still about three times the average deficit under bush. let us go back to the clinton tax era. eileen anywhere between republican and libertarian. up -- yes i am not. i lean anywhere between republican and a libertarian. host: what do you make of republicans up on capitol hill -- to sort of a back off the tax pledge that he took when he ran for senate, saying he would not raise taxes. caller: if we are going to raise taxes my important thing is raising them on everybody. because if they try to strike a compromise where only the rich get taxed, then it gets more progressive. it is not a point to help the budget. we are right to raise taxes, raise them all the way down to where clinton had them. host: senators lindsey gramm represented peter king, talking publicly abandoning the pledge of democrats will talk seriously about entitlement reforms. rest in peace, grover norquist? there are not enough republican tax hikes -- republicans to hike taxes for obama. the left is doing its best to make tax hikes appear to be a foregone conclusion. that
it is still about three times the average deficit under bush. let us go back to the clinton tax era. eileen anywhere between republican and libertarian. up -- yes i am not. i lean anywhere between republican and a libertarian. host: what do you make of republicans up on capitol hill -- to sort of a back off the tax pledge that he took when he ran for senate, saying he would not raise taxes. caller: if we are going to raise taxes my important thing is raising them on everybody. because if they...
48
48
Jul 16, 2012
07/12
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the as what was the best way to cut the deficit. -- they asked what was the best way to cut the deficit. they did not have to pick just one. how authoritative our these results? its challenge is what we previously understood. more democrats do this more deeply than republicans. people like spending on special forces. they like a missile defense. they are wary. they are wary of big ticket items like a jet or aircraft carrier. i would argue that it does. even if those polls to not have access to the same information our officials have or see the same classified data, they still have formed strong opinions that were strongly widely held. outcomes are sometimes done by what minorities one. it is interesting to call it into some of the strongest views. here we will draft out some of the opinions that people held. the u.s. pro-defense spending arguments. we live in a hostile world. defense matters more than the deficit. defense jobs are important. then you have to look at the cons and you see these were among the most strongly held. they were more strongly held in the pro-argument. defense wo
the as what was the best way to cut the deficit. -- they asked what was the best way to cut the deficit. they did not have to pick just one. how authoritative our these results? its challenge is what we previously understood. more democrats do this more deeply than republicans. people like spending on special forces. they like a missile defense. they are wary. they are wary of big ticket items like a jet or aircraft carrier. i would argue that it does. even if those polls to not have access to...
117
117
Apr 14, 2012
04/12
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if we lay out a plan to reduce the federal deficit by $4 trillion over the next decade. people say how do you do that? we do that by making some very painful cuts. we've already cut over $1 trillion, painful cuts. we also get it by coming up with 1 pound 5 trillion dollars by ending unnecessary tax breaks for the very wealthy. -- $1.5 trillion. that is so our children don't have to carry the burden. we cannot get there without cutting bone marrow, if you don't include the elimination of the tax breaks for the very wealthiest among us. if we put the buffett rule in place, let the bush tax cuts expire for the very wealthy, and reject mitt romney's additional $1 trillion tax cut for the very well, america will be able to do the things we need to do to build the economy. everybody knows what they are. we cannot be the most competitive nation in the world when we are ranking 16th in the world of percent of college graduates we have in the nation. we have to invest in education. it is self-evident. but to do that, you have to say it is more important to help educate hundreds o
if we lay out a plan to reduce the federal deficit by $4 trillion over the next decade. people say how do you do that? we do that by making some very painful cuts. we've already cut over $1 trillion, painful cuts. we also get it by coming up with 1 pound 5 trillion dollars by ending unnecessary tax breaks for the very wealthy. -- $1.5 trillion. that is so our children don't have to carry the burden. we cannot get there without cutting bone marrow, if you don't include the elimination of the tax...